Existing home sales increased 3.6% in June to a seasonally adjusted 4.89 million unit rate, the National Association of Realtors announced yesterday.

The sales rise to 4.89 million was larger than the gain to a 4.84 million unit pace predicted by Thomson Reuters’ poll of economists and followed a revised 1.3% increase to 4.72 million units, originally reported as a 2.4% rise to a 4.77 million-unit level.

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